New Zealand PM Hipkins announces a Cabinet reshuffle, NZD/USD drops

New Zealand’s new Prime Minister (PM) Chris Hipkins announces a Cabinet reshuffle on Tuesday, dragging the New Zealand Dollar a few pips lower.  

New Zealand PM Hipkins reaffirmed Grant Robertson's appointment as Finance Minister.

Market reaction

NZD/USD is testing daily lows at 0.6448 on the above announcement. The pair is losing 0.26% on the day.